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Accounting Treaatments

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(Querist)
27 February 2009 at what rate we will record closing stock of investments
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VINAYAK D PRABHU

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VINAYAK D PRABHU (Expert)
27 February 2009 HI,
As per Accounting Standards - 11 on Accounting for Investments :

Carrying Amount of Investments
A) Investments classified as current investments should be carried
in the financial statements at the lower of cost and fair value
determined either on an individual investment basis or by category of
investment, but not on an overall (or global) basis.

B) Investments classified as long term investments should be carried
in the financial statements at cost. However, provision for diminution
shall be made to recognise a decline, other than temporary, in the value of
the investments, such reduction being determined and made for each
investment individually.
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